Listen: US, Bloomberg And John Tucker discussed on Masters in Business
"Tucker from Bloomberg world headquarters US stocks resume their declined Friday Senator the s&p five hundred index down four point six percent for the week the worst closing bases since the month of March and back into negative territory for the year, the benchmark term lower at the White House adviser Navarro's at tariffs on Chinese goods would rise. If there's no trade deal after a ninety day truce expires while Larry cudlow, president Donald Trump's top economic advisor. Separately, characterized the talks as positive and the latest batch of economic data also added to concern that maybe just maybe growth has Pete. It was a slight miss on monthly payroll data. It hasn't shifted odds though, that the Federal Reserve will raise interest rates at its December beating though the jobs report has made the gathering a little more interesting. Ethan Harris, go head of global economics research at Merrill. Lynch says there is going to be no let-up in the path of. Interest rate hikes. I do think there's still a pretty good chance for gift for hikes next year or the US unemployment rate did held steady at three point seven percent of November Tiga half-century low. It's a respectable showing. What's more? The economy added one hundred fifty five thousand jobs after getting crucified this week a popular technical measures. Offering a hint at more pain to come for US stocks the S and P five hundred closed down two point three percent pushing the fifty day moving average below the two hundred day moving average in a bearish technical pattern known as a deaf cross for the day. The s&p five hundred was down sixty two points. Stand up at twenty six thirty three down two point three percent. The Dow fell five hundred fifty eight points down to of the quarter percent to twenty four thousand three hundred eighty eight. But as dick fell two hundred nineteen points down three percent at sixty nine sixty nine global news twenty four hours a day on the air and tick tock on Twitter powered by more than twenty seven hundred journalists and analysts. In more than one hundred twenty countries. I'm John Tucker. This is Bloomberg.."